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Two British attempts at establishing the island as a penal colony (1788-1814 and 1825-55) were ultimately abandoned. In 1856, the island was resettled by Pitcairn Islanders, descendants of the Bounty mutineers and their Tahitian companions.


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Economy

Economy - overview
Tourism, the primary economic activity, has steadily increased over the years and has brought a level of prosperity unusual among inhabitants of the Pacific islands. The agricultural sector has become self sufficient in the production of beef, poultry, and eggs.

Gdp (purchasing power parity)
$NA

Labor force World Ranking: 227
978 (2006)

Labor force - by occupation
Agriculture 10%
Industry and services 90% (2000 est.)

Budget
Revenues $4.6 million
Expenditures $4.8 million (FY99/00)

Agriculture - products
Norfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry

Industries
Tourism, light industry, ready mixed concrete

Electricity - production
NA kWh

Electricity - consumption
NA kWh

Exports
$NA

Exports - commodities
Postage stamps, seeds of the Norfolk Island pine and Kentia palm, small quantities of avocados

Imports
$NA

Imports - commodities
NA

Debt - external
$NA

Exchange rates
Australian dollars (AUD) per US dollar -
0.9695 (2011)
1.0902 (2010)
1.2822 (2009)
1.2059 (2008)
1.2137 (2007)

Fiscal year
1 July - 30 June


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Norfolk Island [ Australia ] (Australia):




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